Golden valley lending
Date: Wed, 12/26/2012 - 16:03
Is golden valley lending licensed in California? (Payday loan lending)
I made a google search on
I made a google search on Golden Valley. All i'm getting is information about Ace Cash Express.
California Payday Loan
California Payday Loan Laws
State Legal Status
Payday loan lending is considered legal in the State of California. A payday loan company is guided by the payday loan lending laws applicable in California.
Loan Specifications
Debt Limits
Limits of Collection
Payday loan lending is considered legal in the State of California. A payday loan company is guided by the payday loan lending laws applicable in California.
Loan Specifications
- Maximun Amount of Loan - $300
- Term of Loan - Maximum 31 days
- Maximum Rate of Finance and Fees- 15% of the check
- Finance Charge for $100 loan for a 14 day period - $17.65
- APR for $100loan for a 14 day period - 459%
Debt Limits
- Maximum Number of outstanding loans permitted at a time - 1
- Permissible number of Rollovers - None (fees cannot be charged for extension)
- Cooling-off Period - None
- Repayment Plan - Voluntary (fees may not be charged in relation to payment plan)
Limits of Collection
- Collection Fees Amount - NSF fee of $15
- Criminal Action - Prohibited
This is from their website -
This is from their website - Tribal lending entity wholly owed and operated by the Habematolel Pomo of Upper Lake, California - I am sure the are a illegal tribal lender, you can check to see if they are licensed to lend in CA.
Here is who you would contact to ask..
- Regulator - California Department of Corporations
- Address - Financial Services Division, 1515 K Street, Suite 200 Sacramento CA 95814
- Phone - (866) 275-2677